VA Tech Wabag Ltd resumes AGCC Russia project

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VA Tech Wabag Ltd had secured an Engineering and Procurement (‘EP’) order from Amur Gas Chemical Complex LLC., (AGCC / Customer) in Russia in August 2021. This is to inform that the project has been progressing well and based on the progress achieved, the Company has invoiced and collected USD 21.61 Million.

The company has now received a communication from the Customer to resume the services and works under the Contract, which they had suspended in April 2022 on account of ongoing Geopolitical uncertainty in the region. Pursuant to this resumption intimation, the company is resuming the work with full resources to meet the project timelines.